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Marcus & Millichap has arranged the sale of Oak Hill Centre, a 43,261-square-foot retail center in Austin. Michael Buckner and Richard Mireles of Marcus & Millichap represented the seller, a Texas-based limited partnership, and procured the buyer, another Texas-based limited partnership. Built in 1984, Oak Hill Centre is located at the intersection of William Cannon Drive and Highway 290. At the time of the sale, the property was 96.5 percent occupied.

Stratus Properties Inc. has inked a blockbuster deal to sell its new HEB Grocery Co.-anchored retail development in Lakeway for $114 million. The buyer of the Oaks at Lakeway is TA Realty LLC, a private real estate investment company headquartered in Boston with offices on the West Coast.

HEB Grocery Co. is the anchor tenant at the Oaks at Lakeway, which has been developed and delivered by Austin’s Stratus Properties during the past couple of years. The price point is an eye-opener for a neighborhood shopping center, but there are some conditions that must be met. …Read Entire Post

Perry Horton, CCIM of Lead Commercial and Josh Hubka, CCIM of REOC Austin represented Cotton Development 2, L.P. in the sale of 43.686 acres in Buda to Back 40 Developers, LLC. Jeremy Cummings of Structure Commercial represented the Buyer.

Indeed Inc., an online job-listing service, is relocating its downtown sales office to a space capable of accommodating more than 275 workers. Indeed, which was founded in 2004, aggregates job listings from thousands of other online job posts. It employs 3,000 workers, including 800 in Austin. …Read Entire Post

Baylor Scott & White Health has purchased the operations of Lakeway Regional Medical Center, a hospital west of Austin that has at times experienced financial difficulties in the four years since it was founded, for an undisclosed price.

The facility will be renamed Baylor Scott & White Medical Center-Lakeway and the transition will be complete by the end of the summer, according to a July 6 announcement. Philippe Bochaton, CEO of Lakeway Regional Medical Center, will remain as CEO of Baylor Scott & White Medical Center-Lakeway. …Read Entire Post

A large portion of Southpark Meadows shopping center, the biggest development of its kind in the Austin area, has changed hands. Mega-investor The Blackstone Group purchased Phases I and II of the South Austin regional shopping center — about 910,000 square feet — from Canada-based RioCan real estate investment trust.

The deal — part of a $1.9 billion, 50-property portfolio sale — recently closed after being announced last year. …Read Entire Post

Austin-based CapRidge Partners purchased Lakewood on the Park, Buildings B and C, from Equity Commonwealth. The office investment transaction was announced May 31 by Mesa West Capital LLC, a private debt fund manager and portfolio lender with offices in Los Angeles, New York and Chicago. CapRidge Partners recently purchased Lakewood on the Park at 7600 N. Capital of Texas Highway.

CapRidge Partners recently purchased Lakewood on the Park at 7600 N. Capital of Texas. Mesa West provided a $32,145,000 short term, non-recourse loan to CapRidge Partners toward the acquisition of the 180,558-square-foot office property at 7600 Capital of Texas Highway. …Read Entire Post

In a South Austin real estate deal, grocery chain H-E-B has purchased the Twin Oaks Shopping Center, a decades-old, ten-acre property at South Congress Ave. and Oltorf St. H-E-B closed on the purchase of the Twin Oaks center at 2315 S. Congress Ave.

H-E-B’s current store at South Congress and Oltorf was built in 1957. The company hasn’t commented on the store’s future after the grocery chain bought the ten-acre shopping center across South Congress Avenue from the store. …Read Entire Post

Located at 12780 Shops Pkwy., about 16 miles southwest of the Austin Central Business District, the 11-year-old shopping center houses Lowe’s Home Improvement, Home Goods, Michael’s, Marshalls, Old Navy, PetSmart, World Market, Best Buy, ULTA, and Office Max.